Funding you earn now, next payment 01:00 UTC+0.0443%/8h= +48.5% APRnext payment +$0.55 per $10,000 · paid last 24h +0.026%
Price spread now: Bulk against Kraken Futures+0.043%7-day average −0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$250.251% of the position
Funding, last 3 days (all we have)+0.046%+$5 on $10k
+Price spread, last 3 days (all we have)−0.825%−$83 · spread now +0.043%, 7d avg −0.055%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Bulk is 0.098% dearer against Kraken Futures than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.055%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.046% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ZECUSD | 1,470.4 | −0.0343 | get 0.0043% / 1h | 29m 06s | $17.8M | $43.0M | 25x |
| Short | Bulk ZEC-USD | 1,471 | 0.0100 | get 0.0013% / 1h | 29m 06s | $895K | $25K | 10x |
Kraken Futures PF_ZECUSD
Bulk ZEC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $92.97
- Price spread: +0.043% → −0.055%
- $9.77
- Slippage, 4 orders
- −$8.12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- $77.61
- Costs to cover
- 0.251%
- Break-even
- 1.2 days
Slippage from Kraken Futures: live order book, 5 min ago; Bulk: live order book, 45 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kraken Futures live order book, 5 min ago | 1.57 bp | 8.3 bp −$8 | 11.5 bp −$115 | 19.2 bp −$1,919 | 82.4 bp −$41.2K |
| Sell Bulk live order book, 45 min ago | 0.03 bp | 3.5 bp −$4 | 3.6 bp −$36 | 6.1 bp −$607 | 14.1 bp −$7,026 |
ZEC on 51 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective ZEC/USDC PERP | −0.3321% | 1h | 1,472.4 | +0.137% | $34K | $275K | 12x | as long as short |
| Kraken Futures PF_ZECUSDlong | −0.0343% | 1h | 1,470.4 | long leg | $17.8M | $43.0M | 25x | |
| Ondo Perps ZEC-USD.P | −0.0120% | 1h | 1,467.9 | −0.167% | $399K | $518K | 5x | as long as short |
| BloFin ZEC-USDT | −0.0109% | 8h | 1,470.3 | −0.001% | $29.7M | $73.1M | 75x | as long as short |
| Hotstuff ZEC-PERP | −0.0080% | 1h | 1,472.1 | +0.115% | $6K | $2K | 10x | as long as short |
| Variational Omni ZEC | −0.0053% | 8h | 1,469 | −0.089% | $47.6M | $33.8M | — | as long as short |
| Bybit ZECUSDT | −0.0045% | 8h | 1,472.2 | +0.127% | $274.5M | $634.3M | 75x | as long as short |
| dYdX ZEC-USD | 0.0000% | 1h | 1,472 | +0.112% | $415K | $103K | 5x | as long as short |
| Kalshi KXZECPERP | 0.0000% | 8h | 1,473.7 | +0.229% | $960K | $5.2M | 2.2x | as long as short |
| Perpl ZEC | 0.0000% | 43m | 1,471.3 | +0.066% | $84K | $405K | 10x | as long as short |
Injective ZEC/USDC PERP
Ondo Perps ZEC-USD.P
BloFin ZEC-USDT
Hotstuff ZEC-PERP
Variational Omni ZEC
Bybit ZECUSDT
dYdX ZEC-USD
Kalshi KXZECPERP
Perpl ZECShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ZEC/USD | L +0.0007% / S −0.0006% | 1h | 1,470.9 | +0.034% | $5.2M | — | 150x | as long as short |
| Orderly PERP_ZEC_USDC | +0.0015% | 8h | 1,470.5 | +0.007% | $294K | $1.3M | 20x | as long as short |
| 01 Exchange ZECUSD | +0.0016% | 1h | 1,470.9 | +0.038% | $8K | $8K | 5x | as long as short |
| OKX ZEC-USDT-SWAP | +0.0049% | 8h | 1,472.2 | +0.127% | $182.2M | $1.30B | 50x | as long as short |
| Phoenix ZEC | +0.0054% | 1h | 1,470.8 | +0.030% | $4.7M | $1.6M | 10x | as long as short |
| GMX ZEC/USD [WBTC.b-USDC] | L +0.0055% / S −0.0010% | 1h | 1,470.7 | +0.025% | $378K | — | 100x | as long as short |
| Popdex ZECUSDT | +0.0096% | 1h | 1,470.8 | +0.031% | $179K | $1.8M | 50x | as long as short |
| Katana Perps ZEC-USD | +0.0100% | 8h | 1,470.7 | +0.025% | $14K | $832K | 10x | as long as short |
| Paradex ZEC-USD-PERP | +0.0100% | 8h | 1,471.5 | +0.076% | $60K | $39K | 10x | as long as short |
| Nado ZEC-PERP | +0.0100% | 1h | 1,472.3 | +0.134% | $2.6M | $6.6M | 10x | as long as short |
| Hyperliquid ZEC | +0.0100% | 1h | 1,472 | +0.112% | $763.4M | $455.1M | 10x | as long as short |
| Aster ZECUSDT | +0.0100% | 8h | 1,470.5 | +0.008% | $14.9M | $31.8M | 75x | as long as short |
| Pacifica ZEC | +0.0100% | 1h | 1,472 | +0.115% | $1.7M | $2.8M | 10x | as long as short |
| Binance ZECUSDT | +0.0100% | 8h | 1,472.4 | +0.136% | $685.5M | $2.37B | 75x | as long as short |
| Arcus ZEC-USD | +0.0100% | 1h | 1,472.5 | +0.146% | $698K | $8.5M | 10x | as long as short |
| Bulk ZEC-USDshort | +0.0100% | 1h | 1,471 | +0.043% | $895K | $25K | 10x | |
| Gate ZEC_USDT | +0.0100% | 8h | 1,471 | +0.042% | $51.3M | $179.2M | 75x | as long as short |
| MEXC ZEC_USDT | +0.0100% | 8h | 1,470.8 | +0.030% | $231.7M | $825.9M | 150x | as long as short |
| KuCoin ZECUSDTM | +0.0100% | 8h | 1,470.3 | −0.006% | $104.7M | $55.7M | 75x | as long as short |
| Bitget ZECUSDT | +0.0100% | 8h | 1,471.4 | +0.071% | $163.7M | $292.8M | 75x | as long as short |
| BingX ZEC-USDT | +0.0100% | 8h | 1,471 | +0.042% | — | $100.3M | — | as long as short |
| edgeX ZECUSDC | +0.0100% | 4h | 1,469.6 | −0.049% | $572K | $9.2M | 20x | as long as short |
| GRVT ZEC_USDT_Perp | +0.0100% | 8h | 1,470.9 | +0.039% | $3.0M | $454K | 10x | as long as short |
| ApeX Omni ZECUSDT | +0.0100% | 1h | 1,469.9 | −0.032% | $430K | $866K | 50x | as long as short |
| StandX ZEC-USD | +0.0100% | 1h | 1,470.2 | −0.009% | $110K | $4.7M | 30x | as long as short |
| Polymarket Perps ZEC-USD | +0.0100% | 1h | 1,470.6 | +0.017% | $341K | $1.7M | 10x | as long as short |
| Bullet ZEC-USD | +0.0100% | 1h | 1,470.6 | +0.018% | $128K | $159K | 20x | as long as short |
| Derive ZEC-PERP | +0.0100% | 1h | 1,468.7 | −0.111% | $458K | $509K | 6.7x | as long as short |
| SunX ZEC-USDT | +0.0100% | 8h | 1,473 | +0.178% | $3K | $1.2M | 20x | as long as short |
| SoDEX ZEC-USD | +0.0100% | 1h | 1,470.3 | −0.002% | $242K | $3.9M | 10x | as long as short |
| HTX ZEC-USDT | +0.0100% | 8h | 1,470.6 | +0.015% | $2.5M | $21.3M | 75x | as long as short |
| Phemex ZECUSDT | +0.0100% | 8h | 1,471 | +0.042% | $3.9M | $5.3M | 50x | as long as short |
| Extended ZEC-USD | +0.0104% | 1h | 1,470.5 | +0.006% | $3.2M | $7.0M | 10x | as long as short |
| Aevo ZEC-PERP | +0.0104% | 1h | 1,470.2 | −0.007% | $56K | $167K | 20x | as long as short |
| Deribit ZEC_USDC-PERPETUAL | +0.0113% | 1h | 1,471.3 | +0.061% | $605K | $1.3M | 25x | as long as short |
| Lighter ZEC | +0.0192% | 1h | 1,471.9 | +0.104% | $19.2M | $50.4M | 20x | as long as short |
| RISEx ZEC/USDC | +0.0228% | 1h | 1,471.7 | +0.090% | $852K | $1.1M | 10x | as long as short |
| Coinbase International ZEC-PERP-INTX | +0.0448% | 1h | 1,473.6 | +0.219% | $3.8M | $10.1M | 50x | as long as short |
| Backpack ZEC_USDC_PERP | +0.0531% | 1h | 1,471.1 | +0.052% | $2.5M | $3.8M | 15x | as long as short |
| Aftermath Perps ZECUSD | +0.0771% | 1h | 1,471.6 | +0.085% | $44K | $47K | 10x | as long as short |
| Lighter RH ZEC | +0.0800% | 1h | 1,472.9 | +0.170% | $2.0M | $8.1M | 10x | as long as short |
gTrade (Gains Network) ZEC/USD
Orderly PERP_ZEC_USDC
01 Exchange ZECUSD
OKX ZEC-USDT-SWAP
Phoenix ZEC
GMX ZEC/USD [WBTC.b-USDC]
Popdex ZECUSDT
Katana Perps ZEC-USD
Paradex ZEC-USD-PERP
Nado ZEC-PERP
Hyperliquid ZEC
Aster ZECUSDT
Pacifica ZEC
Binance ZECUSDT
Arcus ZEC-USD
Gate ZEC_USDT
MEXC ZEC_USDT
KuCoin ZECUSDTM
Bitget ZECUSDT
BingX ZEC-USDT
edgeX ZECUSDC
GRVT ZEC_USDT_Perp
ApeX Omni ZECUSDT
StandX ZEC-USD
Polymarket Perps ZEC-USD
Bullet ZEC-USD
Derive ZEC-PERP
SunX ZEC-USDT
SoDEX ZEC-USD
HTX ZEC-USDT
Phemex ZECUSDT
Extended ZEC-USD
Aevo ZEC-PERP
Deribit ZEC_USDC-PERPETUAL
Lighter ZEC
RISEx ZEC/USDC
Coinbase International ZEC-PERP-INTX
Backpack ZEC_USDC_PERP
Aftermath Perps ZECUSD
Lighter RH ZEC